Sugar weakens on restricted buying

Sugar prices fell by Rs 25 per quintal on the wholesale sugar market today on restricted buying against adequate stocks.

Marketmen said restricted buying against sufficient stocks mainly led to the decline in wholesale sugar prices.

Sugar ready medium and second grade prices lost Rs 25 each to Rs 3,000-3,150 and Rs 2,975-3,125 per quintal.

Similarly, the mill delivery medium and second-grade prices traded lower by the same margin to Rs 2775-2925 and Rs 2755-2915 per quintal.

Following are today's rates in Rs per quintal:

Sugar ready M-30 3,000-3,150 and S-30 2,975-3,125
Mill delivery M-30 2,775-2,925 and S-30 2,755-2,915

Sugar mill gate prices (excluding duty): Kinonni 2,910, Asmoli 2,900, Mawana 2,860, Titabi 2,850, Thanabhavan 2,810, Budhana 2800, and Dorala 2,870